Better go fill up with gas this evening

[Beachnutt]

They're about to screw us over again.
I'll be so glad when we can tell opec to drink their damn oil.

Oil prices pop 2.5% after Saudi Arabia pledges more voluntary production cuts

https://www.cnbc.com/2023/06/05/opec-oil-prices-pop-after-saudi-arabia-pledges-production-cuts.html

[Meadowoak]

1. They'll blame Biden.

[multigraincracker]

2. Oil goes up 2.5%, just

cut back your driving 5% and slow down another 5%.
Wife drives about 60 miles round trip 4 days a week. Was getting 24 mpg, bought a Prius a few weeks ago that gets 55mpg.
Still see macho man driving those huge monster trucks. Bet they are hurting way more than us.

[Beachnutt]

5. And

we're trying to get a handle on inflation but this oil price hike causes diesel fuel to skyrocket and the cost of transporting goods and food etc.. is passed along to the working folks.

[multigraincracker]

9. Bust the Trust.

Big oil is reaping huge profits.

[Mopar151]

19. 120 years later, the trusts ate back together! nt

[keithbvadu2]

3. Hey, Trump! Why don't you fly over there and fix this?

[rsdsharp]

8. Dumbya was going to do that.

He was gonna “jawbone ’em.” How’d that work out?

[dem4decades]

4. Are we still selling them arms and parts for the shit we sold them? Sorry pals, costs went up.

[GPV]

20. +1

[Victor_c3]

6. The more expensive oil gets, the more cost effective renewables become

Once a piece of renewable infrastructure is built, it sticks around and slowly bites into the long-term sales of oil.

Short term, it’ll cost us money and impact the economy, but in the long run we’ll need oil and OPEC less and less and their influence will lessen.

[Beachnutt]

7. Can't come soon enough,

abbott is putting a law in place to tax ev's when you register your vehicle every year it'll cost you way more than a gas vehicle.
Texas.

[multigraincracker]

10. Great way to turn

Texas Blue.

[MichMan]

22. IMO, higher gas prices aren't going to turn Texas blue, but we will see I guess.

The number of EV owners is still pretty low compared to the overall number of motorists that will be looking to cast blame for the higher prices. I've never seen where the party in power gets an advantage from higher gas prices.

[multigraincracker]

25. I remember the first oil shortage

back in the 70s-80s. In the middle of it, Texas was having a drought and suggested diverting some of the Great Lakes water to Texas. My thoughts back then, was a trade, a barrel of oil for a barrel of water.

[gab13by13]

11. The cuts aren't scheduled until July.

[dweller]

14. So all the more reason

to jack up the price at the pump NOW …
😐

✌🏻

[Marthe48]

27. The price of the pump always goes up as soon as there is price fix

at the other end of the pipeline. And if the price goes down at all, it is months or years later. And always settles at a higher price per gallon than it was before the price fix.

They've been doing crisis costs since the 1920s and have gotten away with it ever decade since. Car owners are like drug addicts. I want renewables in place so bad.

I have a Prius and I don't drive much. And every other trick to conserve power.

[Tree Lady]

12. Thankfully I have a Prius

Even if it goes to $5 won't hurt me. I am averaging 60mpg.

[GoodRaisin]

18. Thankfully I don't drive much.

Bought a new car over 3 years ago, just turned over to 5k miles.

[AwakeAtLast]

29. We are probably going to buy one this summer.

I drive 80 miles per day when teaching. Any tips of what to look for? We are also considering a hybrid Corolla.

[PoindexterOglethorpe]

13. Meh. I have a Honda Fit, drive very little,

get gas maybe once a month. Sometimes once every other month. Lucky me.

[TexasTowelie]

15. I usually ride the bus to the grocery store once a week

and might have one or two other excursions during the month for appointments. My monthly transportation budget is $5. The price of energy affects me primarily with rising food costs and general inflation.

[GreenWave]

16. I go to work by Zooming

Zoom bye ya my friends, zoom bye ya.

[roamer65]

17. I've been in a deflationary mode lately.

Cutting here, cutting there, eliminating debt.

Decided not to buy any new vehicles for a long time. Gonna get my money’s worth out of the old ones. Only emergency purchases get an instant green light.

If enough people do this, it will drive inflation down…way down.

[MichMan]

21. Has the Strategic Petroleum Reserve been filled back up yet?

Last edited Mon Jun 5, 2023, 07:52 AM - Edit history (1)

I haven't heard much about it lately

[Red Mountain]

23. Completely unrelated to the ongoing Trump investigation?

And the missing US plans for attacking Iran if necessary?

I'd be surprised if the Saudis don't pop up a few times in any indictments.

Just a little jerk on the oil chain, maybe?

[WhiskeyGrinder]

24. "I'll be so glad when we can tell opec to drink their damn oil."

What do you think would lead to that?

[Hugin]

26. We're being punished for letting the hot air out of the so-called debt crisis.

They haven’t learned that necessity is the mother of invention.

[moonshinegnomie]

28. gasoline prices are only up 3c a gallon this morning

even for delivery after the saudi cuts begin